Slide 11:

GLOBAL MEGA TRENDS Economic considerations transcending political
considerations
The movement of world wide – wide free trade
The power full drive of telecommunications
The relative abundance of natural resources
Competition for reduced taxes
The Asian consumer boom
The advancement of democracy and the spread of free
enterprise
Inflation and interest containment
The triumph of individual

Slide 12:

ASIAN MEGA TRENDS From To
Nation States Network
Export led Consumer driven
Western influence The Asian way
Govt. Controlled Market driven
Villages Super cities
Labor intensive High technology
Male domination Emergence of woman
West East

WHAT IS STRATEGIC MANAGEMENT? :

ESSENCE OF STRATEGIC MANAGEMENT :

ESSENCE OF STRATEGIC MANAGEMENT Assess where are we now ?
Identify where do we want to be?
Generate options on how we might get there?
Evaluate the options to identify which way is best?
Ensure we reach the desired position.

STRATEGIC CHOICES :

STRATEGIC CHOICES Understanding the bases for future strategy at both corporate and business unit levels and the options open for developing strategy in terms of both
Corporate level – Highest level and is concerned with the scope of an organisation’s strategies and the adding of value through its relationship with the separate parts of the business and the synergies created between these parts
Business level – The competitive advantage that is created from the understanding of both markets and customers based on specific competences
Directions and methods – How an organisation develops in terms of feasibility and acceptability

STRATEGY INTO ACTION :

STRATEGY INTO ACTION This is where strategies are working in practice
Structuring – structure in terms of processes, boundaries and relations and their interactions
Enabling – Creation of support mechanisms in the organisation in order to support strategy implementation and development
Change – Creating an environment that facilitates change throughout the organisation